A Prominent Trader Predicts Bullish Reversal for Solana (SOL)
A well-known trader known as Inmortal has recently shared insights suggesting a bullish reversal signal for the layer-1 protocol Solana (SOL). In a post on the social media platform X, Inmortal highlighted a significant bear trap that occurred when SOL briefly dipped below $100 earlier this month.
Describing a bear trap as a false signal that misleads traders into believing that an asset is on a downward trend, Inmortal expressed optimism about SOL’s future prospects.
According to Inmortal, SOL is now primed for a strong rally towards a new all-time high of $340 by December 2025.
As of the current trading session, Solana is valued at $128.19, showing a slight decline of over 3%.
In addition to Solana, Inmortal also shared insights on Bitcoin’s potential price movements. The trader anticipates BTC to fluctuate between $74,000 and $95,000 in the near term before embarking on a breakout rally towards the end of the year.
Based on Inmortal’s analysis, Bitcoin could potentially surge to nearly $130,000 by the end of 2025. At present, Bitcoin is valued at $84,943.
Shifting focus to the meme coin Floki (FLOKI), Inmortal believes that the altcoin is at a price level conducive to forming a significant cycle bottom.
Noting that the Relative Strength Index (RSI) for FLOKI currently mirrors levels seen 700 days ago, Inmortal sees potential for accumulation at these levels. As of now, FLOKI is priced at $0.000057.
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